Recently, there's a public sale project worth discussing. Participants, pay attention: the sealed Dutch auction is not about quick reflexes; the key is whether your bidding strategy is smart enough.

This refers to the team working on fully homomorphic encryption (FHE). This technology is notoriously complex in academic circles, and many people tend to avoid it after a quick glance. But not only have they turned theory into practice, they have also built a product and ecosystem around it. Even more impressive is that they secured funding directly up to $130 million — such a scale of technological project is rare on the market.

With solid technology and ample funds, this kind of combination is truly rare.